Meghalaya Targets Rs.10 Billion Economy
ECONOMY & POLICY

Meghalaya Targets Rs.10 Billion Economy

In a visionary move, Meghalaya, the picturesque state nestled in Northeast India, sets its sights on a monumental economic transformation. Chief Minister Conrad Sangma unveiled an ambitious plan, emphasizing the need for an annual growth rate of 11.5%. This calculated strategy is the linchpin for catapulting Meghalaya into the realm of a ?10 billion economic powerhouse by the year 2028.

The path to this economic zenith is paved with multifaceted initiatives encompassing infrastructural development, sustainable practices, and strategic partnerships. Sangma highlighted the significance of attracting investments and fostering innovation to propel key sectors contributing to this ambitious target.

As Meghalaya navigates the intricate terrain of economic expansion, the emphasis on inclusive growth and equitable development remains paramount. The envisioned Rs.10 billion economy is not just a numeric goal but a holistic approach towards elevating the quality of life for the citizens, fostering employment, and creating a sustainable economic ecosystem.

The state's unique blend of natural beauty and potential for economic prosperity positions Meghalaya as a promising player on India's economic landscape. This ambitious journey reflects the determination of Meghalaya's leadership to harness its untapped potential and emerge as a beacon of economic success in the region.

In a visionary move, Meghalaya, the picturesque state nestled in Northeast India, sets its sights on a monumental economic transformation. Chief Minister Conrad Sangma unveiled an ambitious plan, emphasizing the need for an annual growth rate of 11.5%. This calculated strategy is the linchpin for catapulting Meghalaya into the realm of a ?10 billion economic powerhouse by the year 2028. The path to this economic zenith is paved with multifaceted initiatives encompassing infrastructural development, sustainable practices, and strategic partnerships. Sangma highlighted the significance of attracting investments and fostering innovation to propel key sectors contributing to this ambitious target. As Meghalaya navigates the intricate terrain of economic expansion, the emphasis on inclusive growth and equitable development remains paramount. The envisioned Rs.10 billion economy is not just a numeric goal but a holistic approach towards elevating the quality of life for the citizens, fostering employment, and creating a sustainable economic ecosystem. The state's unique blend of natural beauty and potential for economic prosperity positions Meghalaya as a promising player on India's economic landscape. This ambitious journey reflects the determination of Meghalaya's leadership to harness its untapped potential and emerge as a beacon of economic success in the region.

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?